Pay-day-loan-yes ...scum

Date: Tue, 01/18/2011 - 07:06

Submitted by anonymous
on Tue, 01/18/2011 - 07:06

Posts: 202330 Credits: [Donate]

Total Replies: 16

I emailed them this notice...

01/18/2011
Pay-Day-Loan-Yes AKA Global

This letter is to inform you that I am aware of the FACT that the loan you issued to me, is NOT legal or binding in my state. For your convenience, I have included my state payday loan laws below.

State Legal Status
Lending of payday loan is considered prohibited in the State of New Jersey

New Jersey has a civil usury law (with a 16% limit) and a criminal usury law (30% maximum for licensed lenders). On this note I have asked to see your license and still have not been provided proof

The state of NJ prohibits payday loans, therefore, I am bound by the state laws where I reside. As I have no presence in your state therefore I have no legal obligation to the 'governing laws' you may have detailed.

I have already researched this information, your company does NOT have a license to lend in the state of New Jersey, if I am mistaken I will need proof in the form of a license number so that I may verify it with my Attorney General. I am bound by the state laws where I reside. As I have no presence in your state therefore I have no legal obligation to the 'governing laws' you may have detailed or "soverign laws" as I also have not seen requested proof of that.

Be advised that as of today 1/12/2011 I am revoking ANY and ALL ACH authorizations with your company from debiting any AND all of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I also revoke ANY and ALL wage assignments I may have signed, by you, including but not limited to; any of your affiliates, dba's, and collection agencies assigned to this account. None of the above no longer have my permission to access my accounts or impose a wage assignment.

I will only communicate to resolve this matter via email. If you ignore this notice and attempt to contact me or any of my references via telephone, you will be ignored and any payments owed will be delayed. I am willing to pay the principle amount of the loan only, however, no address means NO payments, this is not negotiable.

I have filed complaints with my Attorney General Paula Dow ,the BBB and the Federal Trade Commission. If you reply to this notice with any misleading legal implications or menacing course of actions you are unable to follow through with, I will be forced to take actions against you.

As stated I am willing to pay the REST OF THE principle in the amount of 245 dollars.
Their response was as follows............

We did not solicit your business. You went outside of your state and took the loan. You came to our state for the loan and our state says we are legal and there is no Federal Guidelines stating otherwise. You owe the money. Let me give you an example. If you live in a state that charges $0.00 is sales tax and you go and buy lets say a new living room set in a different state that does charge sales tax you are not exempt from paying sales tax on your purchase just because you reside in a tax free state...you see where I am going with this.

Please reference your loan contract, the Loan Note & Disclosure Statement, the Governing Law section. Listed below is what you agreed to / authorized when you e-signed your loan contract. Your email does not forgive your debt nor will it deflect further collection actions on your loan accounts.

Governing Law

"Both parties agree that this Note and your account shall be governed by all applicable federal laws and all laws of the jurisdiction in which the LENDER is located, regardless of which state you may reside, and by signing below or by your electronic signature, you consent to the exclusive exercise of regulatory and ad judicatory authority by the jurisdiction in which the Lender is located over all matters related to the Note and your account, forsaking any jurisdiction which either party may claim by virtue of its residency".

[SIZE=2]I have read and understand your email. We do not accept any type of check or money order. We do not accept any type of payment through any type of mail service.
[/SIZE][SIZE=2]We only accept electronic payments and your payment method is Western Union Quick Collect.[/SIZE]

[SIZE=2]As of today, your total account balance is $590, settlement is for $540, payment arrangements are for three (3) payments $180 due on 01-21-11, 02-4-11 and 02-18-11 , via Western Union.

[/SIZE][FONT=Arial][COLOR=#008080]Payment Instructions:
[/COLOR][/FONT]
[SIZE=2]To confirm this payoff you will need email back and specifically confirm [/SIZE][SIZE=2]this payment arrangement as listed above. Once you have done that I will email you with Western Union information. [/SIZE]

This is a loan payoff, meaning once you confirm payment your account will then be removed from the collections process, your balance will be frozen and no further charges will be assessed on the loan balance as long as you follow through with the agreed arrangement.

WOW>>>>I have called my lawyer and left him a message and sending this to the AG office in NJ.

they are so full of it.a couple of things here. 1)paydayloanye

they are so full of it.a couple of things here.

1)paydayloanyes is scum,and one of many illegals that couldn't care less about the law.
2)your state law prevails,and they think that stating otherwise you will believe them.they are stupid and evil.
3)are you sure you owe 245.00.if so repeat your desire to pay it with a real address.no bank info.

yes file AG complaints and know that this pdl slime is illegal,and your state laws prevail.illegal knucklescrapers think that by spouting their dillusions makes them fact when nothing could be further from the truth.re-send your original e-mail wih the addition no address no payment.